PWC Invests in Blockchain IOT Startupby Company Announcement May 7, 2018
PwC Hong Kong and PwC Singapore announce that they are in a joint business relationship with VeChain Global Technology Holding Limited (“VeChain“), a Blockchain service provider specializing in the Internet of Things, supply chain management and anti-counterfeiting.
In connection with this joint business relationship, PwC Hong Kong and PwC Singapore have each acquired a small ownership interest in VeChain.
PwC Hong Kong is now in discussions with VeChain to provide trust-based services on the VeChain platform. This will require the use of VeChain Tokens to access and perform transactions on the platform.
Raymund Chao, PwC Asia Pacific and Greater China Chairman, says this is an important strategic collaboration to provide innovative professional services using blockchain technology.
“We are glad to establish a deeper relationship with VeChain, which aims to build a trusted and distributed business ecosystem to help address long-standing challenges in supply chain management, food trust and anti-counterfeiting areas.
VeChain’s mission aligns with PwC’s purpose of solving important problems and building trust in society,”